Adoption of polymer banknotes, security from the design stage and implementation of demonetization policies
DUBLIN, November 12, 2021 the “Report on the Global Banknote Market with Potential Impact of COVID-19: 2021 Edition” the report was added to ResearchAndMarkets.com offer.
The global banknote market is expected to reach US $ 15.65 billion in 2025, with a CAGR of 4.09% for the period 2021 to 2025.
Factors such as increasing number of ATMs around the world and increasing population are expected to drive the market. However, the growth of the industry will be challenged by the counterfeiting of banknotes and the rapid growth of electronic payments. Some notable trends include the adoption of polymer banknotes, security designs, the automation of cash sorting, the use of sustainable solutions for currency printing, and the implementation of demonetization policies.
The volume of the global banknote market is segmented into wired banknotes and wireless banknotes. The global banknote market is heavily dominated by the production of banknotes with security threads. The global banknote market is expected to grow in the future due to improving economic conditions, increasing global population and increasing number of ATMs. In terms of geographic areas, the United States and the Eurozone are major contributors to the global banknote market, supported by their economies and high production volumes and values.
Scope of the report
The report provides a comprehensive analysis of the global banknote market, segmented into State Printing (SPW), Commercial Printing, and Overflow SPM.
The large regional markets (United States, Europe, UK, Australia, New Zealand and Switzerland) were analyzed.
Market dynamics such as growth drivers, market trends and challenges are analyzed in depth.
The competitive landscape of the market, along with the company profiles of major players (De La Rue plc, Giesecke & Devrient Group, Crane Co., CCL Industries Inc and Orell Fussli Holding AG) are also presented in detail.
Adoption of polymer banknotes
Safety by design
Automation of cash sorting
Implementation of demonetization policies
Main topics covered:
1. Market overview
2. Impact of COVID-19
3. Market analysis
4. Regional market analysis
5. Market dynamics
5.1 Growth drivers
5.1.1 Increase in the number of ATMs
5.1.2 World population growth
5.1.3 Accelerate economic growth
5.2 Key trends
5.2.1 Adoption of polymer banknotes
5.2.2 Safety by design
5.2.3 Automation of cash sorting
5.2.4 Implementation of demonetization policies
5.2.5 Using durable solutions for currency printing
5.3.1 Rapid growth of electronic transactions
5.3.2 Counterfeit tickets
6. Competitive landscape
7. Company profiles
For more information on this report, visit https://www.researchandmarkets.com/r/dqf353
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SOURCE Research and Markets